PXG 0.00% 15.0¢ phoenix gold limited

john's comments

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    John's email following the announcement yesterday.

    Dear All

    Please find link below to our latest announcement.

    Drilling results are from Castle Hill Stage 1 and confirm a new large higher grade zone of mineralisation to the north of the current resource envelope and at depth. Following on from the 94m intersection at 2.6g/t, significant intercepts to the north and east show a mineralisation plunging NNE and being controlled by another cross cutting structure, the London shear.

    Drilling will continue to follow up this new zone of mineralisation and grow the Stage 1 resource in size and grade.

    Drilling results from Stage 2 will be released in the next 2 weeks followed by the first round at Red Dam. A Castle Hill resource update will follow in March.

    To view the announcement, click on the link below:

    http://asx.com.au/asxpdf/20130129/pdf/42cmxmycjw3l2c.pdf


    Kind Regards,
    Jon Price
 
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